One clue that LIA noted was that the payments were transferred to "special authority accounts abroad."

According to Sputnik: The authority further stated that the interest from Gaddafi's money had been withdrawn by "the sanctions system imposed by the UN Security Council," suggesting that it affected only the original funds.

The authority admitted that it is unaware where the money had eventually ended up, as it only knows that they were transferred to the LIA's accounts in the Euroclear Bank.

The LIA explained that the money transfers happened during the previous administration's term and thus it currently has no information about their final destination.

The authority launched an investigation into the matter and promised to present a report to the UN once it is concluded.

Belgian media reported at the end of October that Brussels had launched an investigation into the activities of Belgian banks that had allegedly violated the UN ban on transferring funds that belonged to former Libyan leader Muammar Gaddafi.

According to the media reports, the money could have ended up in the hands of armed groups, including those involved in terrorist activities.

Following the death of Gaddafi as a result of the political turmoil in the country, his funds in foreign banks were frozen according to a decision of the UN Security Council in 2011.